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How Do I Open a Live Indices Account - Step by Step Procedure

To open a Live Indices Account you can go to an online broker website and open one. Once you go to the Indices broker of your choice and select this option, you will then have to fill some online forms, the step by step process of filling these forms is explained in this article.

With this online trading account you can trade the following: Indices, Gold, Silver, Oil, CFDs, Futures and Indices.



Step by Step Procedure of How Do I Open an Online Indices Trading Account

To open this live trading Indices account, a trader has to fill some online forms provided by a Indices broker. The account opening online form can be obtained from your online currency broker.


The process of opening a real Indices trading account is one where your broker will also require you to upload the following accompanying documents:



What Documents Are Needed To Open An Online Indices Trading Account


1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document issued by authorities (e.g. driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number and the client's signature.

2. Proof of Residence - Color copy of utility bill - A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.


You can use your mobile phone to take pictures of these documents and upload then directly from your phone(this is the best option). Alternatively use your digital camera, upload the pictures to your computer then upload the saved documents to your account


To Find where to upload these documents look for the option "Upload Documents". Please note after opening your account it will not get validated until you have completed uploading these supporting documents.



Why is a Copy of ID and Utility Bill with My Name Required?

These documents are required by your Indices broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations require that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim you are from as well as a Utility Bill that shows your exact location where you reside, that way you cannot come up with some fake identity or fake residence to use for money laundering.

All regulated Indices brokers must comply with this requirement before opening a trading account for a new client.


Now once you have scanned or taken pictures of these Indices account opening forms:

2. Proof of ID - Color copy of ID card or Passport

3. Proof of Residence - Color copy of utility bill, electricity bill etc. (bill with recent date, within the last six months).


Upload the above forms plus the above document color copies, you can use your camera phone to take color pictures of the above documents, then download the pictures from your phone to your computer and then upload these pictures from your computer.


Once your online currency broker receives the online Indices trading account opening application forms plus the above documents, your application will be processed and you will be assigned a login number and a login password for the live Indices trading account.


Once you upload these documents your account will then be validated. Your login details will be sent to your email address. An example of a validated account is shown below:


This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your broker must follow this policy and try to do everything to know who their client is, in order to safeguard against any money laundering activity.


You can then use your details to log into your MT4 platform and start trading on this validated account. You can also use the same login details to login to your trader cabinet on the Indices broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your Indices broker account.



Step by Step Procedure of How Do I Open an Online Indices Trading Account

To open this Indices account, a trader has to fill some online forms provided by a Indices broker. The account opening online form can be obtained from your online currency broker.


The process of opening a real Indices trading account is one where your broker will also require you to upload the following accompanying documents:



What Documents Are Needed To Open An Online Indices Trading Account


1. Proof of ID - Color copy of ID card or Passport - A color copy of valid passport or other official identification document issued by authorities (e.g. driver's license, identity card, etc). The identification document must contain the client's full name, an issue or expiry date, the client's place and date of birth or tax identification number and the client's signature.

2. Proof of Residence - Color copy of utility bill - A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.


You can use your mobile phone to take pictures of these documents and upload then directly from your phone(this is the best option). Alternatively use your digital camera, upload the pictures to your computer then upload the saved documents to your account


To Find where to upload these documents look for the option "Upload Documents". Please note after opening your account it will not get validated until you have completed uploading these supporting documents.


Please note if you do not upload the above documents your account will not be validated - Make sure you upload the above documents to get your account validated. More than 50% of all new traders do not succeed in opening their Indices account because they fail to upload the required accompanying documents. If you correctly upload all the required documents then your account will be validated and you can start trading with your account within 5 minutes. Just take a color picture of these two documents with your smart phone and upload these directly to your Indices broker website using your mobile phone browser.



Why is a Copy of ID and Utility Bill with My Name Required?

These documents are required by your Indices broker to safeguard against money laundering. AML, or Anti Money Laundering Regulations require that all brokers ask proof of ID and Residence with your name so as to verify that you are a citizen of the country you claim you are from as well as a Utility Bill that shows your exact location where you reside, that way you cannot come up with some fake identity or fake residence to use for money laundering.

All regulated Indices brokers must comply with this requirement before opening a trading account for a new client.


Once your online currency broker receives these online account opening application forms plus the above documents, your application will be processed and you will be assigned a login number and a password for the live Indices trading account.


Once your uploaded documents are approved by your broker - your account will then be validated. Your login details will be sent to your email address. An example of a validated account is shown below:


This is KYC - Know Your Client, it's more of a legal requirement than a mere formality, your broker must follow this policy and try to do everything to know who their client is, in order to safeguard against any money laundering activity.


You can then use your details to log into your MT4 platform and start trading on this validated account. You can also use the same login details to login to your trader cabinet on the Indices broker website. On the trader cabinet you can deposit money, withdraw money and view trading reports of your Indices broker account.



  1. Australia ASX200

    Symbol - AUS 200Cash

    Pip(1 Point) - 0.1

    Pip Value - AUD 0.1

    Margin Per Lot - AUD 70


  2. EU EURO STOXX

    Symbol - EU 50Cash

    Pip(1 Point) - 0.1

    Pip Value - EUR 0.1

    Margin Per Lot - EUR 40


  3. France CAC40

    Symbol - FRA 40Cash

    Pip(1 Point) - 0.1

    Pip Value - EUR 0.1

    Margin Per Lot - EUR 40


  4. Germany DAX30

    Symbol - GER 30Cash

    Pip(1 Point) - 0.1

    Pip Value - EUR 0.1

    Margin Per Lot - EUR 85


  5. Hong Kong HangSeng50

    Symbol - HK 50Cash

    Pip(1 Point) - 1

    Pip Value - HKD 1

    Margin Per Lot - HKD 450


  6. Italy FTSEMIB40

    Symbol - IT 40Cash

    Pip(1 Point) - 1

    Pip Value - EUR 1

    Margin Per Lot - EUR 250


  7. Japan Nikkei225

    Symbol - JP 225Cash

    Pip(1 Point) - 1

    Pip Value - JPY 1

    Margin Per Lot - JPY 90


  8. Netherlands AEX25

    Symbol - NETH 25Cash

    Pip(1 Point) - 0.1

    Pip Value - EUR 0.1

    Margin Per Lot - EUR 5


  9. Spain IBEX35

    Symbol - SPAIN 35Cash

    Pip(1 Point) - 1

    Pip Value - EUR 1

    Margin Per Lot - EUR 140


  10. Switzerland SMI20

    Symbol - SWI 20Cash

    Pip(1 Point) - 0.5

    Pip Value - CHF 0.5

    Margin Per Lot - CHF 100


  11. UK FTSE100

    Symbol - UK 100Cash

    Pip(1 Point) - 0.1

    Pip Value - GBP 0.1

    Margin Per Lot - GBP 70


  12. USA S&5 500

    Symbol - US 100Cash

    Pip(1 Point) - 0.1

    Pip Value - $ 0.1

    Margin Per Lot - $30


  13. USA NASDAQ 100

    Symbol - US 30Cash

    Pip(1 Point) - 0.5

    Pip Value - $ 0.5

    Margin Per Lot - $150


  14. USA DowJones30

    Symbol - US 500Cash

    Pip(1 Point) - 0.1

    Pip Value - $ 0.1

    Margin Per Lot - $12



Indices Trading Market Hours


Indices Market Hours

MetaTrader 4 Server time - GMT +2 (All Times Below are GMT +2)
































INDICES Instrument


Monday Open


Friday Close


Australia 200


1:05


22:55


EU Stocks 50


9:05


22:55


France 40


1:05


23:00


Germany 30


1:05


23:00


Hong Kong 50


3:20


17:40


Italy 40


10:05


18:35


Japan 225


1:05


23:55


Netherlands 25


1:05


23:10


Spain 35


10:05


20:55


Switzerland 20


9:05


22:55


UK 100


1:05


23:10


US500


1:05


23:55


US Tec 100


1:05


23:55


Wall Street 30


1:05


23:55


 

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